Cooper Corp. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor hours.

Cooper Corp. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity 7.40 liters 0.70 hours 0.70 hours Standard Price $ 7.00 per liter $ 21.70 per hour $ 5.90 per hour The company has reported the following actual results for the product for September: Actual output 9,600 units Raw materials purchased 75,000 liters Actual cost of raw materials purchased 562,500 Raw materials used in production 71,050 liters Actual direct labor hours 6,410 hours Actual direct labor cost $ 142,302 Actual variable overhead cost $ 34,614 Required: Show your work and compute the following: 1) Compute the materials purchase price variance for September. Base the variance on the quantity of materials purchased, not used. (Use the 4-column setup as seen in exercise 10- 8, page 474.) 2) Compute the materials quantity variance for September. 3) Compute the labor rate variance for September. 4) Compute the labor efficiency variance for September. 5) Compute the variable overhead rate variance for September. 6) Compute the variable overhead efficiency variance for September